Ola Electric's Rs 6,145-cr IPO fully subscribed on Day 2

The Rs 6,145-crore initial public offer of electric two-wheeler company Ola Electric Mobility got fully subscribed on the second day of bidding on Monday, driven by demand from retail investors and......

Bharti-AXA insurance JV by June

Bharti Enterprises on Tuesday said it expected to start its life insurance venture with French major Axa by June end. The Foreign Investment Promotion Board has already cleared Axa's proposal to......

Top private life insurers shut 1,500 branches in 2 years

With "profitable growth" replacing "expansion drive" as the buzzword in the sector, the country's top private life insurers have significantly reduced branches and employees over the last couple of......

Profit pressures force life insurers to downsize

Life insurance companies have started to cut down their workforce and branch network following tougher norms that came into force in September and exerted pressure on their bottomlines. More than......